Global Switched Reluctance Motor Market

Global Switched Reluctance Motor Market Overview

• The Global Switched Reluctance Motor Market Size is Anticipated to Grow from USD 561 Million in 2023 to USD 995 Billion by 2033, Growing at a CAGR of 5.9% from 2023 to 2033.
• The market growth is rising due to emerging technologies like IoT and industry 4.0, as well as an emphasis on electric vehicles (EV). 
• The switched reluctance motor market refers to the industry that involves the demand and supply of electric motor that uses magnetic reluctance for producing torque.
• Switched reluctance motor is widely used in automotive, aerospace, and industrial automation due to their ability to operate efficiently in harsh environments and adaptability to different load conditions.  

Major vendors in the Global Switched Reluctance Motor Market 

Nidec Corporation, AMETEK, VS Technology, Shandong Kehui Power Automation, Maccon GmbH, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the switched reluctance motor market based on the below-mentioned segments:

Global Switched Reluctance Motor Market, By Type

• Below 100 KW
• 100-500 KW
• Above 500 KW

Global Switched Reluctance Motor Market, By Application

• Train Drivers
• General Industrial
• Household Appliances
• Textile Machinery 

Global Switched Reluctance Motor Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa